Blood & Organ Banks
This article provides insightful industry analysis and research into the Blood & Organ Banks industry. This article discusses the definition, key industry products, and activities along with major industry trends. Understand the revenue model, a brief history of trends during the current century, and key challenges currently being faced by the Blood & Organ Banks industry.
What is a Blood bank?
A blood bank is a cache or bank of blood or blood components, gathered as a result of blood donation, stored and preserved for later use in blood transfusion. The term "blood bank" typically refers to a division of a hospital laboratory where the storage of blood products occurs and where proper testing is performed to reduce the risk of transfusion-related events.
What is Organ transplantation?
Organ transplantation is the moving of an organ from one body to another or from a donor site to another location on the patient's own body, for the purpose of replacing the recipient's damaged or absent organ. Organs and/or tissues that are transplanted within the same person's body are called autografts. Transplants that are performed between two subjects of the same species are called allografts. Organs that can be transplanted are the heart, kidneys, liver, lungs, pancreas, intestine, and thymus. Tissues include bones, tendons (both referred to as musculoskeletal grafts), cornea, skin, heart valves, and veins.
Worldwide, the kidneys are the most commonly transplanted organs, followed closely by the liver and then the heart. The cornea and musculoskeletal grafts are the most commonly transplanted tissues.
What is the Organ Bank?
Organ bank is a repository, usually shared by multiple hospitals, for long-term storage of certain tissues destined for transplantation–eg, acellular bone fragments, BM, corneas etc.
What is the Blood & Organ Banks Industry?
This industry includes companies that are primarily engaged in collecting, storing, and distributing blood, blood products, and body organs. Nonprofit organizations that are responsible for most of the industry's market share generate their revenue from providing blood products and services to hospitals and laboratories, which perform blood transfusions, surgical procedures, and laboratory testing.
Blood & Organ Banks Industry Products:
- Blood banking - nonumbilical cord blood
- Blood banking - umbilical cord blood
- Organ banking
- Tissue banking
- Bone marrow banking
- Other banking
Blood & Organ Banks Industry Activities:
- Collecting blood
- Storing blood
- Distributing blood
- Storing organs
- Distributing organs
- Researching storage technologies
- Reproducing tissues
Trends and Challenges for Blood & Organ Banks Industry:
- Medical innovations
- Aging population
- Role and rise of nonprofit organizations
- Legal implications of buying and selling organs
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